Hedged position query

F&O
1

I have a query around hedged position partial closure

Say available margin = 200000

I have a hedged position ( fut buy + Put Sell ) which requires margin = 190000

Now i go to square off the Put sell leg, by placing a Put buy order which needs a premium of say 20000. I go to put this as a pending order.

My queries

  1. Will zerodha allow me to put a pending buy order or not.
  2. Under order being pending what will be my available margin. will it remain 10000 or become -10000 as margin blocking for pending buy order.
  3. How will margin shortfall be treated here?
  4. Is there any scenario under which a square of order will be restricted by Zerodha RMS
2

Do you mean Fut buy and put buy? Because Fut buy and Put sell will not give any hedge benefits as both are bullish bets

3

Yes I am sorry for the oversight. I mean fut buy + put buy OR any other hedged position say Straddle / Iron Condor.

My main idea is to understand the scenario where placing a pending buy order to square off the sell position is exceeding the margin available so how will that be treated.